The price of the Binance currency has been fixed in the past few weeks, as the demand for the currency continues to rise. The BNB currency has risen for three consecutive weeks, as it moved from the lowest level at $ 507 on March 10 to 630 dollars. So, what is the next of Binance in the coming months?
BSC aims to be the best alternative to Solana and Ethereum
The BNB Code has risen in the past few weeks as the Binance series seeks to become the most applicable alternative to Solana and Ethereum.
Solana’s reputation has worsened in the past few weeks because of her ecosystem of the coin. The ceiling of the Meme Coin market fell from more than $ 30 billion in January to about 8 billion dollars today.
Ethereum, on the other hand, is famous for its slow speed and high fees. Although the costs of the transaction differ over time, the data shows that Ethereum is one of the most expensive chains in this industry.
BSC series works to be the best in these chains. Just last week, the network launched the PASCAL upgrade that has provided a strengthening of the stimulus, making it one of the first chains to adopt the Ethereum Virtual Machine environment (EVM). As such, the DAPPS that has been developed on a bachelor’s bachelor has become operating with ETHEREUM.
The promotion also provided the governor of the original smart contract, which allows transactions without gas, approvals for payments and transactions, and support for multiple signature.
PASCAL upgrade is one of the few updates to occur in the coming months. Lorentz will happen in April and reduce the average time bonus time to 1.5 seconds, while the MAXWell update will happen in June and reduce these times to 0.75 seconds.
These promotions mean that developers will have an option to build on a low -graphic -1 layer network and fast treatment speeds and compatible with ETAREUM. Analysts believe this is a better model than the use of Layer-2 network like the base and the definition.
BSC environmental system grows
The third party data shows that the BSC environmental system is growing. according to Davi Lamaand The network has more than 863 Defi apps that have a closed total value (TVL) in excess of $ 5.37 billion. TVL is 12.85 billion dollars, while the Stablecoin market ceiling jumped to more than $ 7 billion.
The largest players in BSC Ecosystem are Venus, Pancakeswap, Kerneel, Lista Dao and Avalon Labs.
Venus is a lending platform of more than $ 1.73 billion of assets, while Pancakewap is one of the largest Dex networks in Crypto.
As shown below, the number of bachelor’s transactions increased. It has been constantly dealt with more than 7.36 million transactions per day, making it one of the most popular chains in the encryption industry.
These transactions come from different regions. For example, the data shows that the DEX size for his bachelor’s series It rose by more than 20 % In the past seven days, to more than 13.2 billion dollars, with the number of 30 days reached 50.2 billion dollars.
BNB price analysis
BNB Price scheme Source: TradingView
The weekly graph above shows that the price of BNB has formed two prominent upper loud patterns referring to more gains. He is now in the process of forming an upward triangle style, consisting of a horizontal line and upward direction line.
BNB PRICE has also formed a cup and handle style of up to $ 665. C&H style is one of the most budget patterns on the market. BNB is still higher than an average of 50 weeks and 25 weeks.
Therefore, BNB price is likely to have a strong upward outbreak in the coming months. This penetration may take the main resistance at $ 1,000. However, expectations may take time because they are based on the weekly graph, whose signals take long.
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